The proposed bill, General Assembly Proposed Bill No. 5040, seeks to amend chapter 134 of the general statutes by increasing the income limits for the Connecticut Housing Finance Authority's first-time homebuyer assistance programs. Specifically, the bill proposes to set the income limit at one hundred twelve thousand dollars per person, rather than per household, for individuals employed in health care, emergency services, and teaching professions.

This change aims to provide greater support for first-time homebuyers in these essential fields, recognizing their contributions to the community and addressing the challenges they face in accessing affordable housing. The bill reflects a targeted approach to assist individuals in specific professions that are critical to the well-being of the state.